Asian shares plunged following a steep decline on Wall Street, driven by a sell-off in Big Tech stocks. The stock market today saw a significant drop in values across the region as investors reacted to the negative trend in the US market.
The sell-off in Big Tech companies such as Apple, Amazon, and Facebook contributed to the overall decline in Asian shares. This downward trend reflected concerns about the impact of rising interest rates and inflation on high-growth stocks.
Investors were cautious as they monitored the situation in the US market, which experienced a sharp drop in major indices. The tech-heavy Nasdaq composite index was particularly hard hit, leading to a widespread sell-off in the sector.
The volatility in the stock market today underscores the uncertainty facing investors amid changing economic conditions. As global markets react to developments in the US, investors are closely watching for any signs of recovery or further declines.